AFI Properties Ltd. — Capital/Financing Update 2026

May 27, 2026

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

AFI PROPERTIES LTD

AFI PROPERTIES LTD

Registrar number: 510560188

To: Israel Securities Authority

www.isa.gov.il

To: Tel-Aviv Stock Exchange Ltd.

www.tase.co.il

T020 (Public)

Filed via MAGNA: 27/05/2026

Reference:

2026-01-048832

Offeror's notice of the results of the offer in the prospectus

Pursuant to Section 30 of the Securities Law, 5728 - 1968 and the Securities Regulations (Notices of the results of the offer in the prospectus), 5730 - 1969

☐ Results of an early commitments auction given in the prospectus (without offering the securities in the prospectus).
☐ Results of an offer in a prospectus.
Cancellation of the public offer.

Note: A report on the results of an offer in a prospectus must also include the early commitments given prior to the publication of the prospectus.

The prospectus is a shelf prospectus of a reporting corporation

1. Set forth below are the results of the offer in the prospectus whose publication reference number is (T012) 2026-01-013210

Permission for its publication was granted on 08/02/2026 and the period for submitting orders thereunder ended on (in the case of an ATM program – the date on which the program ended) 26/05/2026.

Was the offer executed by means of a shelf offer report or a supplemental notice? No

Reference number of the shelf offer report (T022) / supplemental notice (T024)

Attached are the results of early commitments auction given in the prospectus

: Totsaut Mecherz Mosdi Agach isa.pdf

Prospectus number: 52181 Note: To be entered for the internal use of the Authority.

2.a. Total securities offered in the prospectus:

Type of security	Securities number on the stock exchange	Name of security	Total quantity of securities	Price*	Interest rate	Discount rate	Weighted discount rate
Debentures	00	AFI Properties BONDS Yach	894,737,000	1New Shekel	——	——	——

*Price per 1 security

b. Completion of details for ETFs offered in the prospectus:

Cancelled*	Securities number on the stock exchange	Series serial number	Name	Type of security on the stock exchange	Name of trustee	Date of listing for trading
	——	——	Name of security:
			Full stock exchange name:
			Short stock exchange name:

Note: The maximum number of records that may be filled in the table is 35. If it is necessary to report a larger number of records, the report must be split.

Explanation: If the series was cancelled, the "Cancelled" field must be marked.

Explanation: In the "Series serial number" field, up to 3 letters or digits describing the serial number of the series must be typed, without additional marks such as quotation marks.

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This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

1. Total securities by their types, and by types of subscribers whose orders were accepted:

Securities for which consideration is received in cash:

Type of issuance	Type, number and name of security on the stock exchange	Auction number	Type of subscriber	Total quantity of securities issued	Price*	Future exercise price*	Total amount of aggregate calculated consideration	Par value of total securities
Public offer (consideration in cash)	Debentures		Institutional investors	800,000,000	1 New Shekel	——	800,000,000 New Shekel	1 New Shekel
	00
	00
	00

*Price per 1 security

In the case of listing for trading (including listing for trading in the context of an IPO) / release from lock-up / exchange tender offer / merger / distribution of a stock dividend in kind:

Type of issuance	Type, number and name of security on the stock exchange	Total quantity of securities	Average closing rate* / value of security on the trading day prior to the exchange date	Future exercise price	Total amount of aggregate calculated consideration	Par value of total securities	Date of execution of the action**	The securities offered:

Notes:

*Average closing rate of the security of the same type on the first three trading days after the listing for trading.

**In the case of listing for trading/release from lock-up/ distribution of a stock dividend in kind, the date is the date of listing of the securities for trading on the stock exchange; in the case of an exchange tender offer, the date is the actual date of the exchange.

***In an exchange tender offer, the securities that were exchanged (received) must be reported. If the exchanged securities are not traded, the securities that were offered must be reported.

Please note: The total amount of aggregate calculated consideration will be in accordance with the Securities Regulations (Application fee for permission to publish a prospectus), 5755-1995. For your convenience, a link to the calculation table: Click here

To the extent that this is an exchange tender offer:

Consideration received in cash* in __ :

Consideration paid in cash** in __ :

*The cash consideration that the offeror received for the securities offered

**The cash consideration paid by the offeror as part of the tender offer

1. Details of underwriters and distributors in the issuance:

The issuance involved: ☐ Underwriters ☐ Distributors ☐ None of these

	Name	Role
1	Barak Leumi Underwriters Ltd.
	Name	Lead underwriter
	Registration no.	Underwriter
2	Leader Issuances (1993) Ltd.	Lead underwriter
	Name	Underwriter
		Distributor

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This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

	Name Registration no.	Role
3	IFEX Issuances Ltd.
	Name Registration no.	Lead underwriter
		Underwriter
		Distributor
4	Eximus Capital Markets Ltd.
	Name Registration no.	Lead underwriter
		Underwriter
		Distributor
5	Value Base Underwriting and Offering Management Ltd.
	Name Registration no.	Lead underwriter
		Underwriter
		Distributor
6	Harel Phoenix Underwriting Ltd.
	Name Registration no.	Lead underwriter
		Underwriter
		Distributor
7	Extra Mile Underwriting (E.R.G.S) Ltd.
	Name Registration no.	Lead underwriter
		Underwriter
		Distributor
8	Active Underwriting Ltd.
	Name Registration no.	Lead underwriter
		Underwriter
		Distributor
9	Menora Mivtachim Underwriting and Management Ltd.
	Name Registration no.	Lead underwriter
		Underwriter
		Distributor

Details of the signatories authorized to sign on behalf of the corporation:

	Name of signatory	Position
1	Avi Barzilai	Chief Executive Officer
2	Anat Dafna	Chief Financial Officer

Explanation: Pursuant to Regulation 5 of the Periodic and Immediate Reports Regulations (5730 - 1970), a report submitted pursuant to these regulations shall be signed by the persons authorized to sign on behalf of the corporation. The staff's position on this matter can be found on the Authority's website: Click here.

Reference numbers of previous documents on the subject (the reference does not constitute incorporation by reference):

The corporation's securities are listed for trading on the Tel-Aviv Stock Exchange

Date of last form structure update:

09/12/2025

Short name: AFI Properties

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This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

Address: 1 Yael Mann (Allied Cities Tower), Ramat Hasharon 4734501 Telephone: 03-5393562, Fax: 03-5393523

E-mail: eranf@afi.global Company website: https://afi-properties.com

Previous names of the reporting entity: Africa Israel Properties Ltd.

Name of electronic reporter: Eran Podem Position: Vice President and General Counsel Employer company name:

Address: Allied Cities Tower, 25th Floor0, Ramat Hasharon4713402 Telephone: 03-5393562 Fax: 03-5393678 E-mail: eranf@afi.global